Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
An indirect quote is where you present an author's ideas in your own words. This can be done either through paraphrasing (go to next) or summarising. reference the sentence. Even though it has been written in your own words, it is still someone else's idea.